The new prime minister of Japan, Yoshihiko Noda, is putting the rising value of the yen on his high-priority list. Of course, dealing with fixing the tsunami damage and nuclear accident is probably up there, somewhere. Noda is to hold discussions with the opposition party (Liberal Democratic Party), which he needs to help him pass [...]
Entries from August 30th, 2011
Hope You Weren’t Long Apple Stock
August 24th, 2011 · 4 Comments · breaking news
In case, you know, you don’t read ANY other news media outlets, just thought we’d mention that Steve Jobs, CEO of Apple, has resigned. Given that his personality has driven so much of the company’s revival, we feel a little badly for his successor, Tim Cook, who now has to fill those effortlessly hip New [...]
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Jackson Hole Wish List: QE3, More HP Touchpads
August 23rd, 2011 · 5 Comments · bernanke
The market rose over 300 points today, mostly on hopes and rumors that the Fed will take some kind of action this week at Jackson Hole – perhaps announcing plans to buy up more bonds and thus begin QE3. Yes, folks, it’s a “when bad news is good news” kind of moment for stocks: Another [...]
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Epic DOW Drop Is Epic – You See What Happens?
August 8th, 2011 · 5 Comments · breaking news, cnbc, fail, jim cramer, markets
Remember when the DOW dropped 500 points last Thursday? Remember when “people” were saying “Hey, there, kid! It’s a tremendous buying opportunity! Oversold!! Buy the dip!!” Well, I really hope you didn’t listen. Because falling knives are really sharp. Since the United States got downgraded Friday by S&P from AAA to AA+, things have taken [...]
Blame The Smurfs
August 5th, 2011 · 1 Comment · breaking news
Not sure who REALLY is to blame for the rapid decline in the Dow? It just might be that everything went downhill after we let these little blue guys ring the bell. Just a quick item sent to me by Jason: Bill pointed out that the Smurfs are actually a bunch of got-darned pinko commies, [...]
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